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this deal happen and what israel and hamas promised to do. >>> there is peace in the middle east for now. israel and hamas have agreed to a ceasefire. >> janelle wang has the latest developments. she joins us with more from our world tonight. >> reporter: the ceasefire took effect at 11:00 a.m. our time. after seven hours it appears both sides are abiding by the truce. celebrations filled the streets of gaza. no need to hide or run for cover. a truce between hamas and israel to stop fighting. >> the people of this region deserve the chance to live free from fear and violence, and today's agreement is a step in the right direction that we should build on. >> reporter: secretary of state hillary clinton announced the deal today with egypt's foreign minister. she flew to the region yesterday to help egypt who served as the mediator to broker the truce. israel agreed to stop air strikes against hamas. the palestinian militant group which ruled the gaza strip. israel says it will ease restrictions at the border to allow palestinians and goods to move more freely. in return, hamas will stop la
-up in air assaults in gaza. 160 rockets were launched into israel. two aimed at tel aviv. in return, israel carried out 300 air strikes in the gaza strip. one hit the prime minister headquarters and another a police compound. 46 palestinians and three israelis have been killed since fighting began wednesday. >>> here at home, pressure on to avoid the fiscal cliff. which would raise taxes on the majority of americans and cut spending across the board starting january 1. republicans who hatch been against tax hikes say they're now willing to talk about increasing revenue, democrats, oppose cuts to programs such as social security, are recognizing they'll have to give a lit tool probably. president obama and congressional leaders say they're working on a compromise. both side will meet again after thanksgiving. that's the plan. they hope to come up with a solution well before the end of the year. twinkies and hoho lovers are turning to the internet to find the cakes after hostess is shutting down. stores are wiped out of the cream filled sponge cakes. many junk food lovers are turning to craig
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